Brookline Bancorp, Inc. (NASDAQ:BRKL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 260,658 shares of the bank’s stock after selling 15,598 shares during the quarter. Rhumbline Advisers owned 0.29% of Brookline Bancorp worth $2,841,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Brookline Bancorp by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,570,964 shares of the bank’s stock valued at $112,937,000 after purchasing an additional 45,448 shares during the period. Dimensional Fund Advisors LP raised its stake in Brookline Bancorp by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,255,331 shares of the bank’s stock valued at $62,013,000 after purchasing an additional 100,610 shares during the period. American Century Companies Inc. raised its stake in Brookline Bancorp by 17.0% during the 4th quarter. American Century Companies Inc. now owns 1,903,813 shares of the bank’s stock valued at $22,465,000 after purchasing an additional 276,025 shares during the period. JPMorgan Chase & Co. raised its stake in Brookline Bancorp by 62.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,997 shares of the bank’s stock valued at $12,414,000 after purchasing an additional 404,897 shares during the period. Finally, Invesco Ltd. raised its stake in Brookline Bancorp by 118.8% during the 4th quarter. Invesco Ltd. now owns 1,041,930 shares of the bank’s stock valued at $12,295,000 after purchasing an additional 565,719 shares during the period. 78.91% of the stock is owned by institutional investors and hedge funds.

Brookline Bancorp Trading Down 3.4%

NASDAQ BRKL opened at $10.23 on Monday. Brookline Bancorp, Inc. has a 1-year low of $8.07 and a 1-year high of $13.15. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $911.54 million, a PE ratio of 13.29 and a beta of 0.89. The firm’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $11.25.

Brookline Bancorp (NASDAQ:BRKL) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The company had revenue of $91.49 million during the quarter, compared to analyst estimates of $91.38 million. As a group, sell-side analysts anticipate that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current fiscal year.

Brookline Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Friday, May 9th. Brookline Bancorp’s dividend payout ratio (DPR) is presently 65.85%.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of Brookline Bancorp in a research note on Monday, May 19th. They set a “hold” rating on the stock.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.